Credit Benchmark have released the June Credit Consensus Indicators (CCIs). The CCI is an index of forward-looking credit opinions for US, UK & EU Consumer Goods based on the consensus views of over 20,000 credit analysts at 40+ of the world’s leading financial institutions.
Drawn from more than 950,000 contributed credit observations, the CCI tracks the total number of upgrades and downgrades made each month by credit analysts to chart the long-term trend in analyst sentiment for Consumer Goods. A monthly CCI score of 50 indicates neutral credit quality, with an equal number of upgrades and downgrades made over the course of a month. Scores above 50 indicate that credit quality is improving. Scores below 50 indicate that credit quality is deteriorating.
Consumer Goods consists of sectors Automobiles & Parts, Food & Beverage, and Personal & Household Goods.
US Consumer Goods register a ninth consecutive instance of a negative CCI this month. UK Consumer Goods net deterioration returns. EU Consumer Goods show recent instability in their collective credit balance.
US Consumer Goods: Net Deterioration Trend Continues
US Consumer Goods firms maintain a negative credit outlook for nine consecutive months.
US Consumer Goods CCI score this month is 49.8, an improvement from last month’s CCI of 48.1.
Latest US retail sales show an unexpected rise. The data signals consumer spending remains resilient, despite higher inflation and interest rates.
UK Consumer Goods: Net Deterioration Returns
UK Consumer Goods firms return to net deterioration, after two months of positive credit outlook.
UK Consumer Goods CCI score this month is 49.0, a decrease from last month’s CCI of 51.2.
Latest UK retail sales show a rise from a month earlier, surpassing market expectations.
EU Consumer Goods: Net Improvement Returns
EU Consumer Goods firms show recent instability in their collective credit outlook.
EU Consumer Goods CCI score this month is 53.1, a significant improvement from last month’s CCI of 49.2.
Latest Euro Area retail sales show no change, falling short of market expectations.
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